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Daily Pivots: (S1) 1.0793; (P) 1.0833; (R1) 1.0854; More… EUR/USD is still bounded in consolidation above 1.0810 temporary low. Intraday bias remains neutral at this point. Outlook will remain as long as 1.0954 resistance holds. Below 1.0810 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there […]

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07/07/2024

USD/CHF Weekly Outlook

USD/CHF’s rally was rejected by near term falling channel last week and reversed from there. Immediate focus is now on 0.8956 support this week. Firm break there will argue that rebound from 0.8825 has completed and bring retest of this low. On the upside, break of 0.9049 will resume the rebound instead. In the bigger […]
21/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6558; (P) 1.6607; (R1) 1.6634; More… EUR/AUD reversed after hitting 1.6677 and intraday bias is turned neutral first. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 […]
12/10/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6941 short term top extended to 0.6701 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 0.6701 and sustained trading below 55 D EMA (now at 0.6743) should confirm rejection by 0.6941 fibonacci level. Intraday bias will be back on the downside for […]